https://www.taxtmi.com/acts?id=4022 The person responsible for paying interest on securities must deduct tax at source at the time of credit to the payee's account or at payment, whichever is earlier, where the amount or aggregate during the financial year exceeds the prescribed threshold, at rates in force. The section specifies exemptions for various bonds, government securities and certain recipients subject to conditions such as written declarations, account-payee cheque payment or holding limits. Crediting interest to any account in the payer's books is deemed credit to the payee for triggering deduction. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 16:05:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4022 The person responsible for paying interest on securities must deduct tax at source at the time of credit to the payee's account or at payment, whichever is earlier, where the amount or aggregate during the financial year exceeds the prescribed threshold, at rates in force. The section specifies exemptions for various bonds, government securities and certain recipients subject to conditions such as written declarations, account-payee cheque payment or holding limits. Crediting interest to any account in the payer's books is deemed credit to the payee for triggering deduction. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4022